Kerry's Peace Plan: $4B West Bank Boost
Private cash will drastically cut unemployment, he says
By Rob Quinn, Newser Staff
Posted May 27, 2013 5:10 AM CDT
US Secretary of State John Kerry speaks the World Economic Forum on the Middle East and North Africa in Jordan yesterday.   (AP Photo/Pool, Jim Young)

(Newser) – John Kerry has unveiled a plan to get Israeli-Palestinian peace talks moving—and the West Bank economy bustling—with a $4 billion injection of private sector funds. (The money wouldn't come from US taxpayers, but the State Department shed little light on the companies or kinds of investments involved.) Speaking at a World Economic Forum conference yesterday, the secretary of state said the investment could boost the Palestinian GDP by 50% in just three years and cut unemployment from 21% to around 8%, the Washington Post reports.

"Now, is this fantasy? I don't think so, because there are already great examples of investment and entrepreneurship that are working in the West Bank," Kerry told the audience, which included Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas, CNN reports. Kerry said the plan—which will be dependent on progress in peace talks—will focus on boosting the West Bank's tourism and agriculture sectors.

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right2dave
May 28, 2013 1:20 PM CDT
It would boost the production of rockets by 100%?
clmsman
May 28, 2013 12:31 PM CDT
Less piss another 4 billion we don't have away on the POS Palestinians. The beggers of the world and as long as Europe and the US keep funding these parasites they will never stand on their own. Kerry is a baffoon the first order every liberal believes throwing money at a problem is the way to fix when the fundimentals of this society in the middle east are no there. I say piss on these Palestinians let them swing in the wind they have nothing to offer anyone.
Mr.LarryG.
May 28, 2013 9:34 AM CDT
to bmoc....show us proof of voter fraud proven in court,,,,you are really an idiot for that silliness,,,,